Forensic audit is examination of past financial and non-financial data for a specific purpose, such as fraud. The evidence derived from this exercise can be used in the court of law. This sort of investigation can be made for several reason, including the following:
When comparing a forensic audit to a statutory audit, a forensic audit is much more extensive, detailed and many additional steps are to be performed. Transactions are verified at the grass root level and evaluated in substance keeping the objective of the company in mind. Decisions are assessed based on the given circumstances at the time of the decision and the ability and capacity of the individual making the decisions.
All in all, this area of auditing requires deep scrutiny of evidence with expertise in the given matter. Here at ZA, we possess the required skill and knowledge to perform this activity and have the ability to deliver to your organization at high quality.